The ‘Nixon Shock’ Might Help Us Make Sense Of The Trump One | ZeroHedge
Submitted by Huw van Steenis via the Financial Times,
The author is vice-chair at Oliver Wyman and former global head of banks and diversified financials research at Morgan Stanley
What will the longer-term financial consequences of Trump’s tariffs be? We may be in a 90-day pause but the question remains urgent. A look back at Richard Nixon’s experience in 1971 could help investors understand what might happen next.
President Richard Nixon addresses Congress to explain his (more…)